secwatch.observer — SEC 8-K summary
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Issuer:     FIRST UNITED CORP/MD/ (FUNC)
CIK:        0000763907
Form:       8-K
Filed at:   2026-01-27T23:59:59+00:00
Accession:  0001104659-26-006988
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First United Corp adopts stock repurchase program for up to 15.4% of outstanding shares
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- Authorizes purchase of up to 1,000,000 common shares (~15.4% of outstanding) over 18 months starting Jan 26, 2026.
- Repurchases may be made in open market or private transactions at management's discretion, subject to securities laws.
- No obligation to purchase any shares; actual purchases depend on market conditions, price, and capital needs.
- Program effective January 26, 2026; President and CEO authorized to execute purchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763907/000110465926006988/0001104659-26-006988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763907/000110465926006988/tm264226d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-006988

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